Top 10 fastest growing Business sectors in Nigeria

Top 10 sectors that recruit, prosper and make money
Businessman and business plan

Reports have it that: about a decade ago, tech investors primarily invested money in communication tools, social networks, and software as a service. Now the world of business sectors that call themselves technology companies has grown tremendously.” Health and energy rank second and third, respectively.

According to the report, the health sector secures about a quarter of the total investment in venture capital, and the energy sector is anticipated to see sales rise by more than 8 per cent over the next decade.

 Here are the top 10 growing sectors if you’re looking to start a new business or enter one that’s expected to succeed with their growth forecast.

1. Technology

Forecasted revenue, estimated production and venture capital investment were among the factors considered by Fundera when determining which industries are expected to generate the most profit, goods

With Forecasted revenue growth at 1.9 per cent, job growth 2016 to 2026 rocketing to 120 per cent and 10-year earnings with 295.88 per cent in the stock market.

The Best sub-sectors being cloud computing, machine learning / A.I., big data.

2. Health

2. Health Projected revenue increase of 2.3% The projections for jobs expansion from 2016 to 2026: 121% The stock exchange has an increase of 10 years by 185.31%.

3. Energy

3. Stock markets 10-year gain: 9.07 per cent Best subsectors: oil, mining, drilling and sustainable energy: energy production: 8.1 per cent Forecast growth of jobs between 2016 and 2026: 115 per cent.

4. Media

Media Stock market growth of 10 per cent: 211.77per cent best sub-sectors: gaming, virtual truth, streaming television Revenue Growth: 1.8percent Stock market growth from 2016 to 2026.

5. Consumer retail

The forecast rise in revenues: 1,2% Forecast growth in jobs 2016 to 2026: 103% 10-year increase in the stock market: 186,72% Best sub-sectors: e-commerce, pop-up retailers, personalized retail.

6. Construction

Stock market increase of 10 years: -11,41 per cent Best sub-sectors: residential housing, large infrastructure, construction tech: growth projected for the next 10 years: -0.8 per cent while Susceptible job growth 2016 to 2026 is 113 per cent.

7. Hospitality 

Hospitality Projected revenue growth: 2.4% while it’s Projected employment growth from 2016 to 2026: 108% Projected 10-year stock market gain: 214.23% Best sub-sectors are hotels, sustainable food suppliers.

8. Finance

8. Finance Projected revenue growth: 1.6% Projected employment growth from 2016 to 2026: 107% 10-year stock market gain: 66.49% Best sub-sectors are Fintech, crypto-currency.

9. Real estate

Projected revenue growth: 1.6% Projected job growth from 2016 to 2026: 106% 10-year portfolio gain: 56.44% Best sub-sectors: digital brokerages, digital design services, real estate software

10. Transportation

Projected revenue growth: 2.2% Projected employment growth from 2016 to 2026: 108%, Stock market growth for 10 years: 125,82% Best Subsectors: Autonomous Vehicles; Electric Vehicles; Smart Cities.